Bitcoin Price Making Gradual Progress

Bitcoin price is making a gradual advance as the market chooses to forgo opportunities to resume decline. A strained upside push may accelerate, but for now it seems doomed to end abruptly. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h11 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price is pushing higher in a gradual upward curve, as opportune moments for decline are passed over in favor of....

Bitcoin price has spent the day above $450 (Bitstamp) but the market has not made progress either way. We take a look at the most significant boundaries for this years price action – and the levels that will confirm that a trending move has broken out. Price remains range-bound and there is no new analysis to add to the outlook expressed in previous posts this week. The general view is that price has steadily printed higher lows during the past six months, yet, has failed to make a new high. The labored progress to the current position of price above $450 has been achieved with low trade....

Bitcoin price decline accelerated overnight. Downside progress has seen price dip below $420 earlier today, and a correction currently has price retesting this level. Price looks to be embarking on the next wave down after a correction from the most recent low, and the target remains $400 (Bitstamp). The 1hr 20-period moving average (MA) has crossed below the 1hr 200MA (red). This is a bearish indication but, unfortunately, there is no confirmation signal in any other timeframe to justify increasing position size. If price does make the plunge to $400 soon, we will only get the benefit of....

Regulations outlining so-called Bit-Licenses and regulations related to virtual currencies in the State of New York were set to be released "no later than the end of the second quarter of 2014," but we haven't yet heard a thing. Until this afternoon. New York State Department of Financial Services Superintendent Benjamin Lawsky took to social media (Twitter, specifically) to deliver a progress report of sorts on the work his Department is doing, adding that "good progress" is being made on the front. Lawsky added in his tweet that he expects to have a proposal out in the next week, perhaps....

Bitcoin XT, also known as BIP-101 (Bitcoin Improvement Proposal -101) has been making a gradual progress. Bitcoin XT was introduced by two Bitcoin Core developers – Gavin Andresen and Mike Hearn. It is supposed to be one of the answers to the prevailing Bitcoin block size issue. Bitcoin XT or BIP-101 proposes the block size to be increased from the current size of 1 MB to 8 MB followed by doubling of block size every alternate year. The main reason for the proposal was to ensure that the Bitcoin network is future-proof and scalable. Currently, the smaller block size of 1 MB has a....